Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 2A. LEASES |
Article 2. Formation and Construction of Lease Contract |
Sec 47-2A204. Formation in general
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A. A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract.
B. An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.
C. Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.